Bank of New York Mellon Corp Has $30.16 Million Holdings in Etsy Inc $ETSY

Bank of New York Mellon Corp reduced its holdings in Etsy Inc (NYSE:ETSY) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,536 shares of the company’s stock after selling 12,332 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.64% of Etsy worth $30,165,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ETSY. Smartleaf Asset Management LLC grew its holdings in shares of Etsy by 10.0% during the second quarter. Smartleaf Asset Management LLC now owns 1,734 shares of the company’s stock worth $88,000 after purchasing an additional 158 shares during the last quarter. Alamea Verwaltungs GmbH boosted its holdings in Etsy by 2.3% in the second quarter. Alamea Verwaltungs GmbH now owns 7,380 shares of the company’s stock valued at $370,000 after acquiring an additional 169 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Etsy by 2.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,550 shares of the company’s stock worth $419,000 after purchasing an additional 180 shares during the period. Blue Trust Inc. increased its position in Etsy by 19.3% in the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Etsy by 1.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,547 shares of the company’s stock worth $1,250,000 after purchasing an additional 224 shares during the last quarter. 99.53% of the stock is currently owned by institutional investors.

Etsy Price Performance

Shares of Etsy stock opened at $80.74 on Monday. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 3.16 and a beta of 1.83. The stock’s 50-day moving average is $73.08 and its 200-day moving average is $62.12. Etsy Inc has a one year low of $44.00 and a one year high of $87.14.

More Etsy News

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Analysts say Etsy’s app-led loyalty push is boosting engagement, conversion, and buyer lifetime value, while mobile gross merchandise sales growth accelerates and personalized features gain traction. Can Etsy’s Loyalty Initiatives Unlock Higher Buyer Lifetime Value?
• Positive Sentiment: Etsy’s collaboration with Olivia Rodrigo on a handmade Daisy Chain Fields merch and accessory collection highlights stronger brand visibility and could support traffic and marketplace activity. Olivia Rodrigo Creates Adorable Festival Accessory Line for Daisy Chain Fields With 10 Female Etsy Sellers
• Positive Sentiment: Another note argues Etsy has the ingredients to beat estimates again in its next earnings report, reinforcing expectations for solid near-term financial results. Will Etsy (ETSY) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: One article says Etsy fits an ideal LBO target profile, which may attract takeover speculation but does not by itself change fundamentals. These 4 Stocks Fit the Ideal LBO Target Profile Right Now
• Neutral Sentiment: Coverage also showed Etsy maintaining a consensus “Hold” rating, suggesting analysts remain cautious overall even amid improving sentiment. Etsy Inc (NYSE:ETSY) Given Consensus Recommendation of “Hold” by Analysts

Analyst Ratings Changes

Several equities analysts recently weighed in on ETSY shares. Truist Financial increased their price objective on shares of Etsy from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group raised Etsy from a “sell” rating to a “neutral” rating in a research note on Thursday, May 21st. Jefferies Financial Group upped their price target on Etsy from $62.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Wells Fargo & Company increased their price target on shares of Etsy from $47.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, April 30th. Finally, Roth Capital started coverage on shares of Etsy in a research note on Thursday, May 21st. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.36.

Insider Transactions at Etsy

In other news, insider Josh Silverman sold 134,730 shares of Etsy stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $68.89, for a total value of $9,281,549.70. Following the sale, the insider directly owned 130,694 shares in the company, valued at $9,003,509.66. This trade represents a 50.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of Etsy stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $74.39, for a total transaction of $1,487,800.00. Following the completion of the sale, the director owned 441,329 shares in the company, valued at $32,830,464.31. This trade represents a 4.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 658,943 shares of company stock valued at $47,305,981. 2.50% of the stock is owned by corporate insiders.

Etsy Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.